See All Market Updates LiveMidday Market Update: S&P 500, Nasdaq, and Dow All Slip Following Three-Day Rally
The stock market today is experiencing a pullback as all three major indexes trade lower during Thursday’s midday market update for June 12, 2025. The Dow Jones Industrial Average has fallen 0.4%, while the S&P 500 and Nasdaq Composite are both down 0.3%, snapping their recent three-day winning streaks.
Investors are processing a mix of economic data, corporate news, and renewed concerns about international trade tensions. President Trump’s recent comments about imposing “take it or leave it” tariffs on trading partners have added uncertainty to markets today, even as inflation data showed milder price pressures.
Economic Data Points to Cooling Inflation
This morning’s Producer Price Index (PPI) for May rose at a 2.6% annual rate, matching economists’ expectations with just a 0.1% increase from April. The modest wholesale inflation reading follows yesterday’s Consumer Price Index report, which showed a 0.1% monthly increase and a 2.4% annual rate—both figures coming in below forecasts.
Initial jobless claims held steady at 248,000 for the week ending June 7, matching the previous week’s upwardly revised figure. However, continuing claims jumped to 1.956 million, reaching their highest level since 2021—a potentially concerning signal for the labor market.
Boeing Crash Weighs on Dow as Air India Flight Goes Down
Boeing (BA) shares have plummeted approximately 5% today, significantly dragging down the Dow Jones Industrial Average after an Air India Boeing 787-8 Dreamliner crashed shortly after takeoff in western India. The flight, bound for London Gatwick Airport, was carrying 242 passengers and crew.
“The injured are being taken to the nearest hospitals,” Air India confirmed in a statement. The cause of the crash remains unclear, but this incident adds to Boeing’s ongoing safety concerns. The aircraft was delivered to Air India in 2014, according to flight tracking data.
Boeing suppliers are also feeling the impact, with GE Aerospace (GE) and Spirit AeroSystems (SPR) shares down 2.8% and 3.4%, respectively.
Chime IPO Tests Market Appetite for Fintech
In more positive market news today, digital banking provider Chime is making its Nasdaq debut under the ticker symbol CHYM after pricing its IPO at $27 per share—above the expected range. The offering raised $864 million and values the company at $11.6 billion, though this represents a significant drop from its last private valuation of $25 billion in 2021.
Chime’s public debut is being closely watched as an indicator of whether the IPO market is thawing after a period of uncertainty. Recent IPOs have performed well, with stablecoin issuer Circle (CRCL) and Nvidia-backed CoreWeave (CRWV) seeing substantial rallies after going public.
Tech Sector Highlights: Oracle Soars, Adobe Reports After Bell
Oracle (ORCL) shares have surged over 13% today following yesterday’s strong quarterly results. The software giant reported revenue of $15.9 billion, an 11% increase year-over-year, exceeding Wall Street expectations. CEO Safra Catz projected that Oracle’s cloud infrastructure revenue would increase more than 70% in fiscal 2026, with total revenue expected to exceed $67 billion next fiscal year—above analyst consensus of $65.18 billion.
Adobe (ADBE) is trading slightly higher ahead of its second-quarter earnings report scheduled for after today’s market close. Analysts expect adjusted earnings per share of $4.97 and revenue of $5.80 billion. The company recently announced price increases for its Creative Cloud All Apps subscriptions, raising individual plans by $10 to $70 per month.
Nvidia and Samsung Invest in Robotics AI Startup
In other tech news, Nvidia (NVDA) and Samsung are making strategic investments in robotics intelligence company Skild AI. Nvidia is contributing $25 million while Samsung is investing $10 million as part of a Series B funding round led by SoftBank Group, which values Skild AI at $4.5 billion.
The Pittsburgh-based startup develops foundation models that serve as a “general-purpose brain” for various robots and autonomous systems. This investment aligns with Nvidia’s recent push into “physical AI” and follows its investments in other robotics companies like Figure AI and Serve Robotics.
Looking Ahead: Market Events to Watch
As the trading day continues, investors are keeping an eye on several key developments that could impact the stock market today and in the coming days:
1. Adobe’s earnings report after market close
2. Ongoing trade negotiations and potential tariff announcements
3. A $22 billion auction of long-dated U.S. debt, which faces a crucial test amid concerns about government spending
4. Rising tensions in the Middle East, which pushed crude oil futures up more than 4% yesterday
Other companies reporting earnings today include Lovesac (LOVE) and RH (RH), formerly known as Restoration Hardware.
The recent midday market update shows that despite today’s pullback, the S&P 500 remains just 2% below its record closing high, reflecting the overall resilience of markets today despite ongoing geopolitical and economic uncertainties.